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What amount of interest cost should harbor capitalize

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Reference no: EM132837885

Problem 1: Harbor Co. began constructing a building for its own use in January of the current year. During the current year, Harbor incurred interest of $45,000 on specific construction debt, and $30,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during the current year was $80,000. What amount of interest cost should Harbor capitalize?

Select one:

a. $45,000
b. $80,000
c. $125,000
d. $155,000
e. $75,000

Reference no: EM132837885

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